Published on 19 Jun 2024 on Fortune · via Yahoo Finance
Canada-based Waabi raises $200 million, touts plan to get gen AI driverless...
Toronto-based self-driving startup Waabi announced a fresh funding round of $200 million on Tuesday, promising a 2025 rollout of the company’s generative AI-powered driverless trucks.
The Series B funding round, led by Uber and Khosla Ventures, brought in new strategic investors Nvidia, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. The company declined to share a new valuation, but said the new capital will build on other recent news including the opening of the company’s new trucking terminal in Texas.